IPF Realisations 2011 Limited (02594804): administration
- Status
- Administration ended
- Administration began
- 2011-06-20
- Administrators' firm
- Leonard Curtis
- Formerly
- Ipec Furniture Limited; Islecharm Limited
- Incorporated
- 1991-03-25
- Location
- Preston
- Industry
- 2010
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Weather / natural events
From the administrators' statement
The Company was incorporated on 25 March 1991 and commenced trading from Its inception from leasehold premises situated at Lodge Mill, Victona Street, Accrington, Lancashire, BB5 0PG
The principal trading activity of the Company compnsed of the manufacture of high margin, bespoke furniture to national retail outlets, hotels, pubs and furniture refurbishments
The Company's trade was affected due to a number of factors The Company had a historical lack of infrastructure and an in-experienced management team There were bad debts of approximately £100,000 incurred during the last twelve months of trading Furthermore, the poor weather conditions in late 2010 and early 2011 affected the Company's production and delivery process
Administrators' statement of proposals (2011-07-18) · Companies House register